Results: Apollo Hospitals Enterprise posts Rs 169-crore net profit for March quarter
Results: Apollo Hospitals Enterprise posts Rs 169-crore net profit for March quarter

Healthcare chain Apollo Hospitals Enterprise Ltd on Wednesday reported a consolidated net profit of Rs 169.89 crore for the fourth quarter ended March 31, 2021.

The company, which posted a consolidated net profit of Rs 209.60 crore in the corresponding quarter of the previous fiscal, also announced a re-organisation with the formation Apollo HealthCo, with the aim of "creating India's largest omni-channel healthcare platform".

Consolidated revenue from operations in the fourth quarter stood at Rs 2,867.95 crore in the quarter under review. It was Rs 2,922.43 crore in the year-ago period, Apollo Hospitals Enterprise Ltd (AHEL) said in a regulatory filing.

For the fiscal ended March 31, 2021, the company said its consolidated net profit stood at Rs 136.77 crore. It was at Rs 431.80 crore in FY20.

Consolidated revenue from operations for FY21 was at Rs 10,560.01 crore. It was at Rs 11,246.80 crore in FY20, the filing said.

The company said the divestment of its front-end retail pharmacy business in favour of Apollo Pharmacies Ltd (APL), a wholly-owned subsidiary of Apollo Medicals Pvt Ltd (AMPL) for an overall cash consideration of Rs 527.80 crore was effective from September 1, 2020.

Subsequently, the company said it invested Rs 36.5 crore and its ownership interest in AMPL changed to 25.50 per cent, resulting in loss of control with effect from September 1, 2020.

Hence, the figures for the quarter and year ended March 31, 2021 are not comparable with the figures for the corresponding period a year ago, the filing said.

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